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China's State Council issued guidelines on Sunday to further optimize the country's foreign investment environment and attract more foreign investment.
The State Council said in a document that authorities should increase protection of the rights and interests of foreign investors, including intellectual property rights, and explore a "convenient and secure management mechanism" for cross-border data flows.
The document also announced guidelines to increase fiscal support and tax incentives for foreign-invested enterprises, such as temporarily exempting withholding income tax for foreign investors' reinvestment of their profits into China.
(Cover via CFP)
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Disinformation report hotline: 010-85061466